Tag Archive for 'CSCO'

Crazy!

Published on February 9, 2011, 9:59 pm in Opinions and Trading. Closed Tags: , , , , .

So we had a negative A/D line, a negative A/D volume, negative S&P, RUT and Nasdaq, all with a positive Dow. Is that a divergence or what? Irrational exhuberance…big time! If you’re a candlestick watcher…Hanging Man galore!

CSCO and ATVI should help bring the indexes down on Thursday, at least the Nasdaq for sure. Other bad reactions include AKAM, ALL, AMKR, TQNT, TEX. Remember, it’s not the reports or the news that matter….it’s the reaction.

But, there’s always a but, futures at the moment are up, even though Asian markets are down. Crazy?

“You’re already starting to see some unrest in some countries as prices go higher. It’s going to cause a lot more social unrest as prices go higher around the world.

You will see some governments topple. Is it the end of the world? I don’t think so. It wasn’t in the 70s. But there will be more political instability everywhere.” – Jim Rogers

What’s going on?

Published on November 11, 2010, 9:54 pm in Trading. Closed Tags: , , , , .

got out of CSCO put options right at the open for a mere 398% profit. Like clockwork, CSCO always goes down after a report, but never like this! It was wonderful! Oh yeah, and there were a few dollars to be made in QQQ puts as well. :mrgreen:

CSCO collapses, the markets go down, and the VIX is standing around doing nothing! What’s going on? Doesn’t all this activity warrant a bit of volatility? Crazy dollar, Korea trade collapse, too many bulls, low volume, lotsa call buying….something is about to happen! Or so it seems.

So after getting out of all those shorts in the morning, again by the close I have started short positions via TWM, QQQQ puts and IWM puts. It’s been working for two great days, I’ll try for another.

TGIF and happy trading!

Ran the table

Published on November 10, 2010, 10:27 pm in Trading. Closed Tags: , , , , , , .

The markets dumped in the morning allowing me run the table and get out of all my positions within the first hour: UUP calls, QQQ puts, QID and ZSL. . . pumped me up more than a double espresso. I was a little bit hesitant thinking I might miss a bigger move down, but as it turns out I was getting out near the bottom. So I went out and had a long leisurely lunch!

When I got back, I see the markets have had a slow grind up…the Nasdaq and Russell seemed to be strongest. So as they popped into the close I thought I’d go short again via TWM the Russel inverse ETF and a few QQQQ puts, the same ones I got out of earlier. 8)

After the close, CSCO and KLIC came out with some poor earnings reports and the Qs moved down and TWM moved up. That’s the one thing I don’t like about options. While the QQQQ traded for 4 more hours, the options did not. So I’ll have to wait for the morning open before I can trade the puts.

Futures, after taking a dive on the CSCO report, are doing the slow grind up thing again. With banks closed on Thursday, along with the bond market, volume may be light.

Thank you Veterans and your families for your service and your sacrifices!

Got Gold?

Published on May 12, 2010, 9:35 pm in Opinions and Trading. Closed Tags: , , , .

Wow, gold is on a rocket….but eventually the rocket fuel runs out. Have you noticed all the gold commercials on TV? On the business channels like CNBC, FBN and Bloomberg, they are trying to sell us coins and bullion. On “regular” channels they want to buy all our chains, bracelets, rings and teeth. So…do you think we’re in the middle of a gold bubble?

Y’know, the SEC could announce a circuit breaker rule soon, but why not instead reinstate the uptick rule and stop the naked shorts from manipulating the markets? But nooo, that would upset all the big boys on the playground…

DRYS and CSCO reported after hours. Neither had blowout reports and both are trading below today’s close, but not in the red…yet. CSCO could weigh on the QQQQ and Nasdaq and all the techs. Tech and banks have been leading the past couple days, so I’d like to see that continue.

We’re going to have to test the 200ma or at least get close to a recent low before we go to much higher, so I’m keeping a close watch on the inverse ETFs like: TZA BGZ TYP FAZ SDS. Play these on a short term and/or to protect some of your long positions.

Futures mildly unexciting this evening, hanging around where they closed, plus or minus a point or two. Initial claims on Thursday better continue to the upside. The slightest news, good or bad, could move this market in either direction. 8)